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Stock markets are consolidating recent gains and remain near their highs for the year. With another week of lunar green period to go, this is the time to push higher if the market is inclined to do so. The situation is quite clear on the Nasdaq chart (click for larger image): The market has come…
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Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3782 BULL S: 3499.80 6.57 (6.13) RALLY S: 3717 5.17 (5.69) S&P 500 1692 BULL S: 1618.60 2.71 (2.50) RALLY S: 1678.50 3.4 (4.86) Nikkei 14760 BULL S: 13012 2.44 (1.64) RALLY S: 14206 5.21…
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We are nearing the end of the month, so today I am sharing the LT wave for October (click for larger image): Last month the LT wave performed so-so. The S&P 500 did show the expected strength early in September, but it carried on until a new high on the 18th, a few days later…
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Markets have continued to march higher and we just finished an exceptionally strong lunar red period, which saw the Nasdaq gain 115 points. This is a sign of strength and generally points to even higher stock prices in the months ahead. Taking a look at the chart for S&P 500 (click for larger image): The…
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Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3775 BULL S: 3473 6.13 (5.94) RALLY S: 3687 7.80 (7.49) S&P 500 1710 BULL S: 1611.60 2.50 (2.31) RALLY S: 1671.80 8.46 (8.41) Nikkei 14742 BULL S: 12908 1.64 (1.08) RALLY S: 14064 5.78…
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Last week we issued a melt-up alert, warning for a buying panic if the Nasdaq broke out above 3730. That seems to be what we are getting right now. How would things proceed if this most optimistic scenario continues to unfold? Here is a chart projecting a path forward for the Nasdaq (click for larger…
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Markets pushed higher last week and many market indices reached new highs. Our LT wave chart for September indicated strength around the 16th, so yesterday may have been the high for the month. Where do we go from here? Let’s have a look at the Nasdaq chart (click for larger image): We have another week…
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Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3722 BULL S: 3449 5.94 (6.07) RALLY S: 3643 6.48 (5.93) S&P 500 1688 BULL S: 1603.40 2.31 (2.78) RALLY * S: 1657.60 5.27 (4.25) Nikkei 14405 BULL S: 12814 1.08 (0.9) RALLY S: 13890…
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A few weeks ago I introduced the “MoM” indicator in the context of my weekly key reversal levels. In this post I will give more info on the MoM and how to use it. The main idea behind the key reversal levels is “market orientation”, where is the market right now, and where it appears…
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A quick mid week update. Stock markets have pushed higher and are in rally mode again. The Nasdaq is testing its first upside target at 3730 already. If it can push through convincingly, then the recent correction will be over. That would mean the correction has been very shallow and would suggest much higher stock…
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LunaticTrader Blog 